August 14, 2025

Dolla Financial Services Limited(Dolla)

Unaudited financials for the six months ended June 30, 2025:

Dolla Financial Services Limited (Dolla) for the six months ended June 30, 2025, reported a 34% increase in Interest Income totaling $991.93 million compared to $742.36 million in the corresponding period last year. Interest Income for the second quarter had a 30% increase to close at $490.43 million compared to $377.68 million for the comparable quarter of 2024.

Interest Expenses amounted to $199.74 million (2024: $121.21 million), which represents an increase of 65% year over year. Consequently, net interest income increased by 28% to $794.09 million compared to $622.56 million for the six months ended June 30, 2024. The company booked net interest income of $392.37 million for the second quarter versus $318.31 million reported for the similar quarter of 2024.

Net Interest Income after Loan Impairment increased by 11% to close at $680.27 million (2024: $614.27 million), while Fees and Other Income increased by 51023% from $35,000 in 2024 to $17.89 million in the period under review. As a result, foreign exchange gains/losses for the six months ended June 30, 2025, amounted to $28,000, a 102% increase relative to losses of $1.37 million reported in 2024.

Total Net Interest Income and Other Revenue for the six months ended June 30, 2025, amounted to $698.19 million, a 14% increase relative to $612.94 million reported in 2024. Total Net Interest Income and Other Revenue for the second quarter amounted to $346.00 million (2024: $313.00 million).

Administrative Expenses totalled $446.44 million, a 44% increase from the corresponding period last year. (2024: $309.49 million) while Profit before Taxation totalled $251.76 million, a 17% decrease from the corresponding period last year. (2024: $303.45 million).

Income Tax for the six months ended June 30, 2025, amounted to $3.90 million, an 80% decrease relative to $19.40 million reported in 2024. Income Tax for the second quarter amounted to $193,000 (2024: $7.03 million). Net Profit for the six months ended June 30, 2025, had a 13% decrease to reach $247.86 million (2024: $284.05 million). Total Comprehensive Income for the six months amounted to $249.65 million, a 9% decrease from the $274.13 million reported in 2024. For the second quarter, Total Comprehensive Income was $133.44 million (2024: $163.55 million).

Consequently, Earnings Per Share for the six months amounted to $0.10 (2024: EPS: $0.11), while Earnings Per Share for the quarter totaled $0.05 (2024: EPS: $0.07). The twelve-month trailing EPS was $0.15, and the number of shares used in these calculations was 2,500,000,000.

Notably, Dolla’s stock price closed the trading period on August 13, 2025, at a price of $2.63 with a corresponding P/E ratio of 17.56x.

Balance Sheet Highlights

The company’s assets totalled $4.73 billion (2024: $3.28 billion). The growth in the company’s total assets was primarily driven by a 49% year-over-year increase in “Loans, Net of Provision for Credit Losses,” which closed the quarter at $4.46 billion (2024: $2.99 billion), a 490% rise in “Intangible Assets” to $4.77 million (2024: $808,000), and a 19% increase in “Other Receivables” to $85.85 million (2024: $72.13 million).

Shareholders’ equity was $1.35 billion (2024: $1.16 billion), representing a book value per share of $0.54 (2024: $0.46).

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